Daniel R. Nase—Cover Up of Stolen Investor Funds

Daniel R. Nase, a California Businessman, allegedly stole investor assets and then attempted to conceal his purported malfeasance after the SEC caught wind of his scheme, according to an SEC Complaint currently under review by attorneys Jason Kane and Joe Peiffer

Daniel R. Nase allegedly raised cash from investors through an unregistered offering of common stock in his Bakersfield, California-based company, BIC Real Estate Development Corp., and purportedly used said funds for personal expenses, the aforementioned Complaint reports.

Daniel R. Nase Allegedly Told Investors BIC Would Invest in Real Estate and Promissory Notes; Nase Allegedly Improperly Put Titles of Most of the Properties in His Name or His Wife’s Name or Family Trust, not BIC

Daniel R. Nase allegedly told investors that BIC would invest in real estate and promissory notes, according to said SEC Complaint presently being reviewed by attorneys Jason Kane and Joe Peiffer

Daniel R. Nase, with the money he used to purchase real estate and notes, allegedly improperly titled most of the properties in his name or his wife’s name or their family trust, not BIC Real Estate, said SEC Complaint notes.

Finally, Nase allegedly diverted investor funds to finance payments for clothing, vacations, student loans, and other personal expenses, and also allegedly tried to conceal his theft after catching wind of the SEC’s investigation by putting stolen assets back into the company attempting to make it look that he was increasing his equity stake in it, the aforementioned SEC Complaint notes.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Daniel R. Nase’s alleged BIC Real Estate scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Daniel R. Nase’s alleged BIC Real Estate scheme. Investors who believe they lost money as a result of any of the aforementioned investment scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.

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